128 Rainbow Court
Cary, NC 27511Exceptional investment opportunity in the heart of Cary. 128 & 130 Rainbow Court offers a well-maintained duplex just minutes from Downtown Cary, providing investors with immediate cash flow and long-term upside in one of the Triangle's most sought-after locations. Both units are currently leased, with leases in place through March 2027 and June 2027, creating stable, predictable income from day one. The property features two spacious residences with private entrances, dedicated parking, and strong rental appeal driven by the area's continued growth and demand. Located less than two miles from Downtown Cary Park, residents enjoy easy access to award-winning restaurants, local breweries, shopping, entertainment, and community events. The property is also conveniently located near Fenton, WakeMed Soccer Park, major employment centers, and commuter routes including US-1, I-40, and NC-540. Whether you're looking to expand your portfolio with a turnkey asset or secure a long-term hold in a premier Cary location, 128 & 130 Rainbow Court presents a rare opportunity to acquire an income-producing property with established tenants and excellent proximity to everything Cary has to offer.
$622,500
5 bedrooms
2 full, 2 half bathrooms
0.39 acres
2,624 square feet
$237 per square foot
- Exterior Features
- Interior Features
- Property Features
- Common Walls 1 Common Wall
- Construction Materials Brick, Wood Siding
- Lot Size Acres 0.39
- Parking Features On Site
- Structure Type Duplex
- Above Grade Finished Area 2,624
- Cooling Central Air
- Cooling Y/N Yes
- Flooring Carpet, Linoleum, Vinyl
- Heating Central, None
- Heating Y/N Yes
- Tax Annual Amount 5250.66
- Water Source Public
- Year Built 1973
Additional Property Information
- TypeDuplex
- Built1973
- NeighborhoodRainbow Estates
- CountyWake
- AreaCary
- Elementary SchoolWake - Cary Elementary
- Middle SchoolWake - East Cary Middle
- High SchoolWake - Cary High
Listing courtesy of Compass -- Cary. © 2026 Triangle MLS, Inc. of North Carolina. All Rights Reserved. Information deemed reliable but not guaranteed.
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©2026 Triangle MLS, Inc. of North Carolina. All rights reserved. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Data last updated 2026-07-06T15:43:14.000Z.